Housing Supply and Demand [INFOGRAPHIC]

Housing supply and demand are the reason for today’s strong sellers’ market. Specifically, LOW supply and HIGH demand are triggering the increases.

Housing Supply and Demand Highlights

Here are some points to keep in mind when buying a home or selling a home in today’s real estate market:

• The Phoenix area is a desirable location. Folks are moving to Arizona in droves, increasing the demand for homes in Arizona.
• Low mortgage rates and generational trends have created an increased demand for homes.
• A slower pace of new home construction and homeowners staying in their homes longer have both contributed to today’s low supply.
• If you’re thinking of selling, you have a unique opportunity to attract the most buyers.
• If you’re thinking of buying, you can still jump into homeownership while rates remain low, and start building your home equity.
• Let’s connect to talk about our local area so you can take advantage of today’s housing market.